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INTANGIBLE ASSETS | 12 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Other intangible assets–net in the consolidated balance sheets consist of the following at September 30 (in millions):
| 2024 |  | 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trademarks and trade names | $ | 1,165 |  |  | $ | — |  |  | $ | 1,165 |  |  | $ | 1,019 |  |  | $ | — |  |  | $ | 1,019 |
Technology | 2,510 |  |  | 1,003 |  |  | 1,507 |  |  | 2,124 |  |  | 888 |  |  | 1,236 |
Order backlog | 61 |  |  | 13 |  |  | 48 |  |  | 7 |  |  | 6 |  |  | 1 |
Customer relationships | 895 |  |  | 175 |  |  | 720 |  |  | 623 |  |  | 136 |  |  | 487 |
Other | 12 |  |  | 6 |  |  | 6 |  |  | 9 |  |  | 5 |  |  | 4 |
Total | $ | 4,643 |  |  | $ | 1,197 |  |  | $ | 3,446 |  |  | $ | 3,782 |  |  | $ | 1,035 |  |  | $ | 2,747 |
As disclosed in Note 2, “Acquisitions,” the estimated fair value of the net identifiable tangible and intangible assets acquired is based on the acquisition method of accounting and is subject to adjustment upon completion of the third-party valuation for certain acquisitions. Material adjustments may occur. The fair value of the net identifiable tangible and intangible assets acquired will be finalized within the measurement period (not to exceed one year). Intangible assets acquired during the fiscal year ended September 30, 2024 are summarized in the table below (in millions):
| Gross Amount |  | Amortization Period
Intangible assets not subject to amortization: |  |  |
Goodwill | $ | 1,349 |  |  |
Trademarks and trade names | 142 |  |  |
| 1,491 |  |  |
Intangible assets subject to amortization: |  |  |
Technology | 366 |  |  | 20 years
Order backlog | 56 |  |  | 1 to 3 years
Customer relationships | 258 |  |  | 20 years
| 680 |  |  |
Total | $ | 2,171 |  |  |
Information regarding the amortization expense of amortizable intangible assets is detailed below (in millions): Annual Amortization Expense:
Fiscal Years Ended September 30, |
2024 | $ | 161 |
2023 | 139 |
2022 | 136 |
Estimated Amortization Expense:
Fiscal Years Ended September 30, |
2025 | $ | 196 |
2026 | 179 |
2027 | 169 |
2028 | 164 |
2029 | 160 |
The following is a summary of changes in the carrying value of goodwill by segment for the fiscal years ended September 30, 2023 and 2024 (in millions):
| Power & Control |  | Airframe |  | Non-aviation |  | Total
Balance at September 30, 2022 | $ | 4,155 |  |  | $ | 4,393 |  |  | $ | 93 |  |  | $ | 8,641 |
Goodwill acquired during the period (Note 2) | 12 |  |  | 244 |  |  | — |  |  | 256 |
Purchase price allocation adjustments | 4 |  |  | 3 |  |  | — |  |  | 7 |
Currency translation adjustments and other | 23 |  |  | 61 |  |  | — |  |  | 84 |
Balance at September 30, 2023 | 4,194 |  |  | 4,701 |  |  | 93 |  |  | 8,988 |
Goodwill acquired during the period (Note 2) | 786 |  |  | 563 |  |  | — |  |  | 1,349 |
Purchase price allocation adjustments (1) | — |  |  | 35 |  |  | — |  |  | 35 |
Currency translation adjustments and other | 40 |  |  | 7 |  |  | — |  |  | 47 |
Balance at September 30, 2024 | $ | 5,020 |  |  | $ | 5,306 |  |  | $ | 93 |  |  | $ | 10,419 |
(1)Primarily related to opening balance sheet adjustments recorded from the fiscal 2023 acquisition of Calspan. Refer to Note 2, “Acquisitions,” for further information.

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